MTR Awards Kier-Laing O'Rourke-Kaden Joint Venture Major Hong Kong Rail Project

LONDON, May 18, 2011 - MTR Corporation, one of the world's leading public transport
network operators, has today awarded a HK$2.4 billion contract forming part
of the South Island Line (East) Project in Hong Kong to a joint venture
between Laing O'Rourke, Kier and Kaden.

Together the partners will deliver Contract 901, a key piece
of infrastructure at Admiralty station and another significant part of MTR's
plans to extend and improve the Hong Kong railway system.

The new interchange station will provide a convenient link
between the new South Island Line (East) and the existing Island Line as well
as the Tsuen Wan Line, with provision for integration with the proposed
Shatin to Central Link.

In addition to the four new platforms that will be constructed
below and adjacent to the existing station, the works include an interchange
concourse, relocation of existing passenger entrances and external
landscaping.

Welcoming the news, Laing O'Rourke SE Asia Managing Director
Mike Robins said, "As part of Laing O'Rourke's strategy to build enduring
relationships with prestigious global organisations, we are delighted to
showcase our capabilities to the MTR Corporation on the new project. Hong
Kong offers huge opportunities for growth in rail infrastructure, and we are
honoured to work with them in this challenging environment."

The MTR network typically carries an average of four million
passengers each day, with the Tsuen Wan Line alone designed to carry up to
85,000 passengers per hour. Admiralty station will remain open throughout the
four year construction programme.

As well as substantial operations in Hong Kong and Mainland
China, the MTR Corporation is a successful global rail infrastructure
operator, with interests in Australia, Sweden and the United Kingdom.

The contract was won against strong international competition
following a two stage tender process. The joint venture partners will be
working with the MTR team as a single delivery entity.

Laing O'Rourke www.laingorourke.com

Laing O'Rourke is an international engineering enterprise with
a reputation for delivering excellence, founded on 163 years of experience.
We fund, design, manufacture, construct and maintain the built environment -
providing the facilities to accommodate, educate, employ, connect, care for
and sustain communities.

Our business model comprises the full range of engineering,
construction and specialist services capabilities. Our offer is fully
integrated to deliver a single-source solution across the client value chain
for some of the world's most prestigious public and private organisations.

Our collaborative approach combines discipline in delivery
with the continuous pursuit of innovation: working with clients from concept
to completion, advising on and providing the best ways to successfully
complete projects and achieve the greatest benefit for all our stakeholders -
employees, clients, shareholders and communities.

We are implementing a long-term strategy which aims to create
sustainable value by meeting the economic, social and environmental
challenges of our rapidly changing world, targeting high growth markets and
sectors that complement our values and capabilities.

For more information contact: Matthew Moth, Madano Partnership,
+44(0)20-7593-4000